Financial Performance - The company's revenue for Q1 2023 was ¥286,639,002.05, a decrease of 14.67% compared to ¥335,933,455.64 in the same period last year[5] - The net profit attributable to shareholders was -¥10,981,876.75, representing a decline of 210.14% from ¥9,970,872.34 in the previous year[5] - Total operating revenue for Q1 2023 was ¥286,639,002.05, a decrease of 14.7% compared to ¥335,933,455.64 in the same period last year[20] - Net profit attributable to the parent company was -¥10,981,876.75, compared to a profit of ¥9,970,872.34 in Q1 2022, indicating a significant decline[22] - The company reported a total comprehensive loss of -¥11,339,781.72 for Q1 2023, compared to a comprehensive income of ¥9,258,730.39 in the same quarter last year[22] Cash Flow and Liquidity - The net cash flow from operating activities increased by 101.82% to ¥98,299,173.82, compared to ¥48,706,946.30 in the same period last year[5] - Operating cash flow net amount increased to ¥98,299,173.82 from ¥48,706,946.30, showing a growth of 102.9% year-over-year[25] - Cash and cash equivalents at the end of the period were ¥908,866,332.14, slightly down from ¥924,762,485.56 at the end of the previous year[25] - The company experienced a cash outflow from investing activities of -¥21,607,657.47, contrasting with a cash inflow of ¥18,562,350.46 in the previous year[25] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,263,278,302.57, down 3.53% from ¥2,346,178,436.24 at the end of the previous year[5] - As of March 31, 2023, the total assets of Guangdong Green Precision Components Co., Ltd. amounted to CNY 2,263,278,302.57, a decrease from CNY 2,346,178,436.24 at the beginning of the year[18] - Total current liabilities decreased to CNY 336,438,746.13 from CNY 404,351,793.14, a decline of around 16.7%[19] - The total liabilities of the company decreased to CNY 346,884,545.31 from CNY 418,444,897.26, reflecting a reduction of about 17.1%[19] - The total equity attributable to shareholders decreased to CNY 1,916,393,757.26 from CNY 1,927,733,538.98, a decrease of approximately 0.6%[19] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 25,173[12] Expenses - The company's financial expenses rose by 171.97% to ¥6,047,300.00, mainly due to exchange losses from fluctuations in the RMB to USD exchange rate[8] - Research and development expenses rose to ¥28,286,132.16, up from ¥27,476,744.66, reflecting a year-over-year increase of 2.9%[20] - The company’s tax expenses for the quarter were ¥755,784.76, compared to a tax benefit of -¥606,924.27 in the same period last year[20] Other Financial Metrics - The company's basic earnings per share were -¥0.03, a decrease of 250.00% from ¥0.02 in the same period last year[5] - The company's weighted average return on equity was -0.57%, down 1.10% from 0.53% in the previous year[5] - The company's contract liabilities increased by 212.57% to ¥27,054,200.00, primarily due to an increase in advance receipts[8] - The company reported a total of CNY 20,850,000.00 in other equity instrument investments, unchanged from the beginning of the year[18] - The company’s long-term assets totaled CNY 644,371,451.71, down from CNY 661,257,975.50 at the beginning of the year[18] - Accounts receivable decreased to CNY 353,065,445.60 from CNY 440,821,152.46, representing a decline of about 20%[18] - Inventory levels decreased to CNY 197,216,091.08 from CNY 237,089,028.20, indicating a reduction of approximately 16.8%[18]

证券代码：300968 证券简称：格林精密 广东格林精密部件股份有限公司 2021 年度业绩说明会投资者关系活动记录表 | --- | --- | --- | --- | |----------------|------------------------------|--------------------------------------------------------|----------------------------------| | | | | 编号： 2022-001 | | 投资者关系活动 | | □特定对象调研 □分析师会议 | | | 类别 | □媒体采访 | ☑ 业绩说明会 | | | | | □新闻发布会 □路演活动 | | | | □现场参观 | | | | | □其他 | （请文字说明其他活动内容） | | | 参与单位名称及 | 通过"全景•路演天下"（ | http://rs.p5w.net | ）参与本次业绩 | | 人员姓名 | 说明会的广大投资者 | | | | 时间 | 2022 年 5 月 11 日 | 15:00-17:00 | | | 地点 | "全景• ...

Financial Performance - The company's revenue for Q3 2022 reached ¥404,395,749.84, representing a year-on-year increase of 13.05% and a cumulative revenue of ¥1,129,358,597.28 for the year-to-date, up 18.33% compared to the same period last year[5]. - Net profit attributable to shareholders for Q3 2022 was ¥40,813,450.37, a significant increase of 126.02% year-on-year, with a year-to-date net profit of ¥90,572,707.98, up 50.25%[5]. - The basic earnings per share for Q3 2022 was ¥0.10, reflecting a 150.00% increase compared to the same period last year, while the diluted earnings per share also stood at ¥0.10[5]. - Total operating revenue for the third quarter reached CNY 1,129,358,597.28, an increase of 18.4% compared to CNY 954,431,170.55 in the same period last year[37]. - Net profit for the period was CNY 90,572,707.98, representing a 50.2% increase from CNY 60,281,091.83 in the previous year[38]. - Basic and diluted earnings per share were both CNY 0.22, compared to CNY 0.16 in the same quarter last year[38]. Assets and Liabilities - Total assets at the end of Q3 2022 amounted to ¥2,866,481,765.58, marking a 21.58% increase from the end of the previous year[5]. - Total current assets as of September 30, 2022, amounted to 2,184.67 million yuan, an increase from 1,819.73 million yuan at the beginning of the year[34]. - Total liabilities increased to CNY 963,871,144.74 from CNY 465,940,591.93 year-on-year[36]. - The company reported a significant increase in short-term borrowings, which reached ¥43,876.76 million, doubling from the beginning of the period[16]. - The company’s total liabilities increased significantly, with a notable rise in lease liabilities by 103.30% to ¥14,212,600, reflecting new lease agreements[19]. Cash Flow - Cash flow from operating activities for the year-to-date was ¥92,482,002.22, showing a 6.14% increase compared to the same period last year[5]. - Cash flow from operating activities was CNY 1,142,465,967.99, slightly down from CNY 1,187,359,554.09 in the previous year[39]. - The net cash flow from operating activities for Q3 2022 was ¥92,482,002.22, an increase from ¥87,133,655.96 in Q3 2021, reflecting a growth of approximately 4.9%[40]. - Cash inflow from financing activities amounted to ¥438,767,640.00, down from ¥662,505,158.00 in Q3 2021[40]. - The net cash flow from financing activities was ¥351,548,446.09, a decrease from ¥625,322,758.85 in the previous year[40]. Investments - The company’s investment income for the year-to-date was ¥309.34 million, a remarkable increase of 5,020.54% compared to the same period last year, attributed to higher returns from financial products[22]. - The company’s cash received from other investment activities surged by 808.57% to ¥318,000,000, mainly due to an increase in the redemption of financial investments[27]. - Total cash inflow from investment activities was ¥325,332,964.32, significantly higher than ¥36,063,510.23 in the same period last year[40]. - The net cash flow from investment activities was -¥361,814,308.45, compared to -¥298,753,686.14 in Q3 2021, indicating a deeper cash outflow[40]. - The total cash outflow from investment activities was ¥687,147,272.77, compared to ¥334,817,196.37 in the same quarter last year[40]. Shareholder Information - Total number of common shareholders at the end of the reporting period was 25,358[31]. - The largest shareholder, Huizhou Huifengbao Equity Investment Partnership, held 30.05% of shares, totaling 124,213,228 shares[32]. - The second largest shareholder, Fengjun Investment Limited, held 22.21% of shares, totaling 91,805,225 shares[32]. Other Financial Metrics - The company reported a significant increase in research and development expenses, totaling CNY 92,990,949.36, compared to CNY 78,349,852.47 in the previous year[37]. - Other comprehensive income after tax was CNY 2,474,898.00, a recovery from a loss of CNY 550,174.85 in the same period last year[38]. - Cash paid for dividends, profits, or interest in the reporting period was 82.68 million yuan, also an increase of 100.00% year-on-year, primarily due to dividend distribution[29]. - Cash paid for other financing activities was 4.54 million yuan, a decrease of 87.78% compared to the previous year, mainly due to the payment of stock issuance fees in the prior period[29].

Financial Performance - The company's operating revenue for the first half of 2022 was ¥724,962,847.44, representing a 21.49% increase compared to ¥596,718,511.94 in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2022 was ¥49,759,257.61, up 17.85% from ¥42,223,816.37 in the previous year[19]. - The company's operating revenue for the reporting period was ¥724,962,847.44, representing a year-on-year increase of 21.49% compared to ¥596,718,511.94 in the same period last year[50]. - The company reported a total comprehensive income for the first half of 2022 was CNY 50,758,007.43, compared to CNY 42,086,321.32 in the previous year, reflecting a growth of 20.0%[152]. - The company reported a net profit margin of approximately 9.2% for the first half of 2022, compared to 10.5% in the same period of 2021[150]. Cash Flow and Assets - The net cash flow from operating activities decreased by 65.83%, amounting to ¥43,718,710.52 compared to ¥127,958,909.17 in the same period last year[19]. - The company's cash and cash equivalents increased by ¥283,597,460.88, but this was a 60.22% decrease from the previous year's increase of ¥712,979,255.06, primarily due to the previous year's stock issuance proceeds[50]. - The company's cash and cash equivalents surged to CNY 1,370,219,168.42, up from CNY 660,945,082.17, marking an increase of 107.3%[147]. - The total cash inflow from investment activities was CNY 321,589,826.17, significantly higher than CNY 47,758.00 in the previous year[158]. - The net cash flow from investment activities was -CNY 219,324,722.78, worsening from -CNY 77,987,895.02 year-over-year[159]. Investment and R&D - Research and development investment rose by 21.21% to ¥58,952,770.14, compared to ¥48,635,880.72 in the previous year[50]. - The company is focusing on expanding its market presence and investing in new product development to drive future growth[148]. - The company has increased investment in automation technology upgrades to maintain competitive advantages amid rising labor and logistics costs[27]. - The company is focused on research and development of new products to meet evolving market demands[162]. Risks and Challenges - The company faces risks from intensified competition in the smart terminal structural components industry, which may adversely affect operational performance[78]. - High customer concentration poses a risk, as major clients in the smart terminal sector could impact the company's performance if they face significant operational challenges[79]. - The company is at risk of falling behind in technology upgrades and core technology capabilities, which are crucial for maintaining market share and competitiveness[80]. - Foreign exchange fluctuations present a risk due to the high proportion of overseas sales, which could affect market competitiveness[81]. Shareholder Information - The company reported a total share count of 413,380,000, with 240,254,252 shares subject to trading restrictions, representing 58.12% of total shares[123]. - The largest shareholder, Huizhou Huifengbao Equity Investment Partnership, holds 30.05% of shares, totaling 124,213,228 shares[129]. - The company has a total of 6,925,400 shares held by the employee participation plan, with a reduction of 3,412,600 shares during the reporting period[129]. - The total number of ordinary shareholders at the end of the reporting period is 26,757[129]. Compliance and Governance - The company actively engages in investor relations, ensuring timely and accurate information disclosure to protect investor rights[95]. - The company has not reported any changes in the use of raised funds during the reporting period[71]. - The financial report for the first half of 2022 has not been audited[105]. - The company has no significant litigation or arbitration matters during the reporting period[107]. Operational Strategies - The company continues to implement lean production management to enhance its flexible production capabilities and meet customer delivery demands[45]. - The company plans to enhance its operational efficiency through strategic cost management and technology integration[148]. - The company has initiated new strategies aimed at enhancing operational efficiency and market competitiveness[162].

Financial Performance - The company's operating revenue for 2021 was ¥1,423,332,413.95, a decrease of 19.05% compared to ¥1,758,288,441.32 in 2020[19]. - The net profit attributable to shareholders for 2021 was ¥89,140,803.33, down 48.46% from ¥172,945,298.31 in 2020[19]. - The net cash flow from operating activities decreased by 68.46% to ¥85,455,625.56 in 2021 from ¥270,967,851.99 in 2020[19]. - The total assets at the end of 2021 increased by 30.03% to ¥2,357,621,911.89 from ¥1,813,200,920.32 at the end of 2020[19]. - The net assets attributable to shareholders rose by 61.83% to ¥1,891,681,319.96 at the end of 2021 compared to ¥1,168,951,680.49 at the end of 2020[19]. - The company reported a basic earnings per share of ¥0.24 in 2021, a decline of 57.14% from ¥0.56 in 2020[19]. - The company's total revenue for 2021 was approximately CNY 1.42 billion, a decrease of 19.05% compared to the previous year[60]. - Net profit attributable to shareholders was CNY 89.14 million, down 48.46% year-on-year[60]. - The gross profit margin and net profit margin decreased due to factors such as exchange rate fluctuations and rising labor costs[61]. - The company reported a revenue of 1.2 billion RMB for the fiscal year 2021, representing a year-over-year growth of 15%[134]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB for the fiscal year, representing a 20% year-over-year growth[145]. Dividend and Shareholder Information - The company plans to distribute a cash dividend of 2.00 RMB per 10 shares to all shareholders, based on a total of 413,380,000 shares[5]. - The company has not proposed any bonus shares or capital increase from capital reserves for this period[5]. - The total distributable profit for the year was 515,253,974.26 CNY, with cash dividends accounting for 100% of the profit distribution[172]. - The company did not issue any bonus shares or increase capital from the capital reserve during the reporting period[172]. - The company reported a commitment to not transfer shares for 12 months after resignation, ensuring shareholder stability[194]. Research and Development - The company holds a total of 29 valid invention patents, 157 utility model patents, and 7 design patents as of December 31, 2021, showcasing its strong R&D capabilities[36]. - Research and development investment for the period was CNY 109 million, accounting for 7.64% of total revenue, with a compound growth rate of 12.91% over the past three years[61]. - The company has increased its investment in R&D, with a focus on automation and precision manufacturing technologies to improve competitiveness[75]. - Research and development expenditures increased by 30%, totaling 150 million RMB, to support new technology initiatives[145]. - The company is exploring partnerships with tech firms to leverage AI and machine learning in product development[145]. Market and Competitive Position - The company maintains a high global market share in precision structural components for smart speakers and home security monitoring devices, indicating a strong competitive position in the industry[37]. - The company is positioned to benefit from the rapid growth of the smart terminal market, driven by advancements in information technology and artificial intelligence[40]. - The company is expanding its market presence in Southeast Asia, targeting a 30% increase in market share by 2023[139]. - A strategic acquisition of a local competitor is in progress, which is anticipated to enhance production capacity by 20%[139]. - The company faces risks from intensified competition in the smart terminal structural components industry, which may impact its operational performance[107]. Risk Management - The company has outlined potential risk factors that may affect future development in the management discussion section[5]. - The company has a high customer concentration risk due to its primary products being in the smart terminal sector, which could significantly affect operations if major clients face adverse changes[108]. - The company is at risk of technological upgrades and iterations, as failure to keep pace with market changes could negatively impact market share and competitiveness[109]. - The feasibility of fundraising projects may be impacted by macroeconomic fluctuations, leading to potential risks in project completion and expected benefits[112]. Corporate Governance - The financial report has been confirmed by the board of directors, ensuring its authenticity and completeness[4]. - The company has a fully independent governance structure, including a board of directors and supervisory board, in compliance with the Company Law[124]. - The company has established an independent financial management system, ensuring no interference from major shareholders in fund utilization[123]. - The board of directors held multiple meetings to approve various investment and financial proposals, including applications for credit from several banks[157]. - The company has established a clear framework for the reduction of shares, ensuring compliance with the rules set by the China Securities Regulatory Commission and the Shenzhen Stock Exchange[197]. Employee and Community Engagement - The company emphasizes employee rights and well-being, organizing various activities to enhance employee satisfaction and sense of belonging[185]. - The company has established a long-term incentive mechanism to attract and retain talent, ensuring employees share in the company's development[169]. - A training plan is in place to enhance employee skills and management levels, ensuring product quality and meeting long-term development needs[170]. - The company actively participates in community welfare and cultural initiatives, fostering harmonious relationships with local communities[188]. Environmental and Social Responsibility - The company is committed to environmental protection and sustainable development, focusing on resource conservation and pollution reduction[187]. - The company maintained compliance with environmental regulations and did not face any administrative penalties related to environmental issues[182]. - The company actively participated in pandemic prevention efforts while maintaining normal production capacity during the COVID-19 pandemic[183].

Financial Performance - The company's revenue for Q3 2021 was ¥357,712,658.61, a decrease of 37.57% compared to the same period last year[4] - The net profit attributable to shareholders for Q3 2021 was ¥18,057,275.46, down 64.22% year-on-year[4] - The net profit after deducting non-recurring gains and losses for Q3 2021 was ¥12,854,209.57, a decline of 72.80% compared to the previous year[4] - Total operating revenue for Q3 2021 was CNY 954,431,170.55, a decrease of 14.77% compared to CNY 1,119,350,611.93 in the same period last year[38] - Net profit for Q3 2021 was CNY 60,281,091.83, representing a decline of 40% from CNY 100,361,330.85 in Q3 2020[40] - The total comprehensive income for Q3 2021 was CNY 59,730,916.98, down from CNY 100,361,330.85 in Q3 2020[41] - Basic and diluted earnings per share for Q3 2021 were both CNY 0.16, down from CNY 0.32 in Q3 2020[41] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,264,368,416.44, an increase of 24.88% from the end of the previous year[5] - The company's total liabilities decreased to CNY 401,539,287.93 from CNY 644,249,239.83 year-on-year[36] - The total assets amounted to ¥1,813,200,920.32, with non-current assets totaling ¥513,594,426.09[49] - Current liabilities totaled ¥642,020,178.98, slightly decreasing from ¥646,301,915.04 in the previous year[50] - Total equity attributable to shareholders increased by 59.36% to ¥1,862,829,128.51 compared to the end of the previous year[5] - The total equity attributable to shareholders reached CNY 1,168,951,680.49, remaining unchanged from the previous quarter[54] Cash Flow - The company's cash flow from operating activities for the year-to-date was ¥87,133,655.96, down 63.05% year-on-year[4] - The net cash flow from operating activities was ¥87,133,655.96, a decrease of 63.0% compared to ¥235,829,057.33 in the previous year[44] - Total cash inflow from operating activities amounted to ¥1,365,496,602.23, up from ¥1,209,190,017.75, reflecting a growth of 12.9%[44] - Cash outflow from operating activities increased to ¥1,278,362,946.27, compared to ¥973,360,960.42, representing a rise of 31.3%[44] - The net cash flow from investing activities was -¥298,753,686.14, worsening from -¥90,080,259.65 in the previous year[45] - Cash inflow from financing activities totaled ¥662,505,158.00, with cash outflow of ¥37,182,399.15, resulting in a net cash flow of ¥625,322,758.85[45] Shareholder Information - Total number of common shareholders at the end of the reporting period is 37,270[30] - The largest shareholder, Huizhou Huifengbao Investment Partnership, holds 30.05% of shares, totaling 124,213,228 shares[30] Investments and Development - The company reported a 100.00% increase in trading financial assets to ¥230,000,000.00, attributed to increased investment management[10] - The company raised ¥66,250,520.00 from new share issuance, marking a 100.00% increase in cash received from investment activities[27] - The company has a long-term investment in fixed assets valued at ¥429,638,183.34[34] - The company is actively involved in market expansion and product development, although specific new products or technologies were not detailed in the provided content[31] - The report indicates a focus on strategic partnerships and potential mergers, but no specific details were provided[31] - Future outlook remains positive with ongoing investments in technology and market presence[31] Financial Adjustments and Standards - The company adopted the new leasing standards starting January 1, 2021, impacting the financial statements with an adjustment of CNY 9,353,849.66 for right-of-use assets[54] - The non-current liabilities due within one year increased to CNY 14,729,452.66, up by CNY 4,281,736.06 due to the new leasing standards[54] - The retained earnings and other related financial statement items were adjusted due to the cumulative impact of the new leasing standards[52] - The company’s third-quarter report was not audited, indicating potential limitations in the reliability of the financial data presented[55]

广东格林精密部件股份有限公司 2021 年半年度报告全文 广东格林精密部件股份有限公司 2021 年半年度报告 2021 年 08 月 1 广东格林精密部件股份有限公司 2021 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的 真实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别 和连带的法律责任。 2 | | | 广东格林精密部件股份有限公司 2021 年半年度报告全文 备查文件目录 一、载有公司法定代表人、主管会计工作负责人、会计机构负责人（会计主管人员）签名并盖章的财务报 表。 二、报告期内在中国证监会指定网站上公开披露过的所有公司文件的正本及公告的原稿。 公司负责人吴宝玉、主管会计工作负责人白国昌及会计机构负责人(会计主 管人员)赵佰谦声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 公司在本半年度报告中详细阐述了未来可能发生的有关风险因素，详见"第 三节 管理层讨论与分析"之"十、公司面临的风险和应对措施"，敬请投资者予 以关注。 公司计划不派发现金红利，不送红股，不以公 ...

Financial Performance - The company's operating revenue for Q1 2021 was ¥313,947,439.51, representing an increase of 82.56% compared to ¥171,966,359.39 in the same period last year[7]. - The net profit attributable to shareholders for Q1 2021 was ¥31,305,582.12, a significant increase of 159.18% from ¥12,078,717.95 in the previous year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥31,465,159.78, up 194.76% from ¥10,674,950.02 year-on-year[7]. - The basic earnings per share for Q1 2021 was ¥0.10, reflecting a 150.00% increase from ¥0.04 in the same period last year[7]. - The total operating revenue for the first quarter of 2021 was CNY 313,947,439.51, an increase of 82.6% compared to CNY 171,966,359.39 in the same period last year[34]. - Net profit attributable to shareholders reached 31,305,582.12 yuan, a significant increase of 159.18% year-on-year[16]. - The total profit for Q1 2021 was CNY 34,794,215.10, a significant increase from CNY 13,821,587.25 in the same period last year[38]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,694,141,032.12, a decrease of 6.57% from ¥1,813,200,920.32 at the end of the previous year[7]. - The total liabilities decreased from CNY 644,249,239.83 to CNY 493,883,769.51, a decline of about 23.4%[27]. - The total assets decreased from CNY 1,813,200,920.32 at the end of 2020 to CNY 1,694,141,032.12 by March 31, 2021, reflecting a reduction of approximately 6.6%[28]. - The total liabilities increased to CNY 653,603,089.49, up from CNY 644,249,239.83 at the end of the previous year[51]. - The current liabilities decreased from CNY 642,020,178.98 to CNY 487,907,958.40, a decline of approximately 24.0%[27]. Cash Flow - The net cash flow from operating activities for Q1 2021 was ¥157,077,497.88, down 22.23% from ¥201,968,317.42 in the same period last year[7]. - The cash and cash equivalents at the end of the reporting period amounted to 521,157,251.82 yuan, an increase of 30.78% from the end of the previous year[24]. - The cash inflows from operating activities totaled CNY 638,660,653.74, an increase from CNY 470,285,760.33 in the same quarter last year[43]. - The cash outflow from operating activities totaled CNY 482,864,146.15, an increase of 81% compared to CNY 266,956,258.74 in the previous year[46]. - The net cash flow from investing activities was -CNY 49,545,531.87, showing a significant improvement from -CNY 84,738,927.07 in the same quarter last year[48]. Shareholder Information - The company reported a total of 13 ordinary shareholders at the end of the reporting period[10]. - The largest shareholder, Huizhou Huifengbao Equity Investment Partnership, held 40.07% of the shares, totaling 124,213,228 shares[10]. - The company did not conduct any repurchase transactions during the reporting period[11]. Expenses - The company reported a significant increase in sales expenses by 144.21% to 5,998,538.18 yuan, attributed to the normalization of operations after the pandemic[24]. - The company’s financial expenses increased by 101.34% to 45,114.80 yuan, mainly due to changes in exchange gains and losses[24]. - Research and development expenses amounted to CNY 23,861,518.70, up from CNY 19,879,297.73, indicating a focus on innovation[38]. - The total operating costs for Q1 2021 were CNY 285,147,967.97, which is a 71.5% increase from CNY 166,266,735.88 in the previous year[35]. Other Financial Metrics - The company incurred credit impairment losses of CNY 13,661,904.64, compared to CNY 10,035,628.63 in the previous year, reflecting potential challenges in asset quality[38]. - The company received tax refunds amounting to CNY 18,363,976.04, compared to CNY 4,567,807.09 in the previous year, indicating improved cash flow management[43]. - The company’s investment income dropped to zero, a 100% decrease, as no financial products were undertaken during the reporting period[24]. - The company reported a gross profit margin of approximately 23.9% for Q1 2021, compared to 24.0% in Q1 2020[35].

Financial Performance - The company's operating revenue for 2020 was ¥1,758,288,441.32, representing a 42.55% increase compared to ¥1,233,451,029.89 in 2019[18]. - The net profit attributable to shareholders for 2020 was ¥172,945,298.31, a 46.43% increase from ¥118,111,138.21 in 2019[18]. - The net cash flow from operating activities increased by 71.21% to ¥270,967,851.99 in 2020, up from ¥158,266,353.32 in 2019[18]. - The total assets at the end of 2020 were ¥1,813,200,920.32, a 30.46% increase from ¥1,389,870,512.86 at the end of 2019[18]. - The company achieved a basic earnings per share of ¥0.56 in 2020, up 47.37% from ¥0.38 in 2019[18]. - The weighted average return on equity for 2020 was 15.98%, an increase of 3.37% from 12.61% in 2019[18]. - The total profit for the year was CNY 197.29 million, an increase of 49.08% compared to the previous year[57]. - The net profit attributable to the parent company was CNY 172.95 million, up 46.43% year-on-year, with a basic earnings per share of CNY 0.56, reflecting a 47.37% increase[57]. - The gross profit margin improved to 26.50%, up 4.18% from the previous year[68]. - The company reported a significant increase in sales costs, which rose by 38.29% to ¥1.26 billion, mainly due to increased revenue[71]. Research and Development - The company focuses on the R&D of precision structural components and molds for smart terminals, with an emphasis on high-precision molds and multi-functional products[26]. - The company increased its R&D investment from CNY 75.59 million in 2019 to CNY 104.52 million in 2020, marking a growth of 38.26%[62]. - The total number of R&D personnel increased to 466, representing 10.01% of the workforce[77]. - The company has a strong R&D capability, with multiple industry-leading core technologies in precision structure manufacturing[43]. - The company plans to enhance its R&D capabilities by expanding its R&D center and improving its technological innovation system, focusing on CMF innovation technology and structural functional innovation technology[91]. Market Expansion and Strategy - The global smartphone shipment is projected to reach 1.47 billion units by 2024, with a compound annual growth rate (CAGR) of 3.3% from 2020 to 2024[37]. - In 2020, the global wearable device shipment reached 448 million units, representing a growth of 28.4% compared to 2019, with an expected CAGR of 8.98% from 2020 to 2024[39]. - The global smart home device shipment was 656 million units in 2018 and is expected to exceed 1.4 billion units by 2025, with a CAGR of 12.2% from 2021 to 2025[38]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% market share within the next three years[110]. - The company is actively pursuing market expansion, targeting Southeast Asia and Europe, with plans to establish two new distribution centers by the end of the year[159]. Shareholder and Financial Policies - The company reported a plan not to distribute cash dividends, issue bonus shares, or increase capital from reserves[6]. - The company has no plans for profit distribution or capital reserve conversion to share capital for the reporting period[102]. - The total cash dividend amount for 2020 was 0.00, representing 0.00% of the net profit attributable to ordinary shareholders[105]. - The company plans to use undistributed profits primarily for increasing equipment investment and external investments to support future development[106]. - The company’s financial strategy focuses on reinvestment rather than cash distribution to shareholders[106]. Governance and Compliance - The company’s financial report is guaranteed to be true, accurate, and complete by the board of directors and senior management[4]. - The company has fulfilled all commitments made by actual controllers, shareholders, and related parties during the reporting period[107]. - The company adheres to strict governance practices in compliance with relevant laws and regulations, ensuring independent operation from controlling shareholders[200]. - The board of directors has established specialized committees, including an audit committee and a compensation and assessment committee, to enhance governance[200]. Operational Efficiency - The company implements lean production management, achieving high production plan completion rates to meet customer delivery demands[48]. - The company aims to enhance operational efficiency by implementing advanced manufacturing technologies, aiming for a 10% reduction in production costs[113]. - The company has established a comprehensive quality management system, enhancing its competitive edge in the market[50]. Social Responsibility - The company actively engaged in social responsibility initiatives, including supporting COVID-19 prevention efforts and donating masks to local organizations[146]. - The company is not classified as a key pollutant discharge unit by environmental protection authorities[150].